Convince these people that you can further their money, safely via real estate.

@John Warren I’m planning on doing this later in the year so I can pile up more money to be safe, but if you could recommend me to a lender that will allow me to count the rental income without any prior landlord experience, that would be great.

- Will my ONE hefty Umbrella Policy keep me safe from Personal Liability for a while?

These standards were written in the best interest of safe construction that will last for years, i.e.- the foundation will hold the structure above it, the electric is installed in accordance with the National Electric Code, etc.When a property owner decides to renovate a property, inspections are performed before the Sheetrock installed.

Be safe out there

If you only bid on safe properties for the interest; then you are competing with others that often drive the interest rate down to 6% or less.

Companies relying on the Rule 506 exemptions can raise an unlimited amount of money.Under Rule 506(b), a “safe harbor” under Section 4(a)(2) of the Securities Act, a company can be assured it is within the Section 4(a)(2) exemption by satisfying certain requirements, including the following:The company cannot use general solicitation or advertising to market the securities.The company may sell its securities to an unlimited number of "accredited investors" and up to 35 other purchasers. 

This is a real concern that ordinary people--BP's target audience--have that experienced investors with a healthy diversified portfolio and significant reserves may not need to worry about as much.I don't think that using operational cashflow as the core metric on BP is an error or a misunderstanding, I think it is a conscious choice due to it being a simple and safe metric that minimizes the likelihood of newbie investors experiencing overwhelm or major loss early in their investment careers and going back to "watching dancing with the stars". 

but im ready to purchase a multi fam property here in LA and surrounding. we can discuss property and or loan type yet it will most likely be conventional loan on a 3-4 unit in need of update. i have 680+ credit score, $126k / yr income, in plain english.... i need assistance with the downpayment on a 2-4 unit multi family purchase and would like to make a safe and fair offer of a portion of the equity in the property. dont hesitate to repsond, just keep it positive :)

Its probably going to cost more to fix up then the $25k, I would budget $35-$40 per sq ft just to be safe